Vnet (VNET) FCF Margin (2014 - 2026)
Vnet's (VNET) quarterly FCF Margin came in at 62.09% in Q2 2026, down 2981.0% year-over-year from 2.16% in Q2 2025, and down 13.25% quarter-over-quarter from 71.57% in Q1 2026.
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Vnet (VNET) FCF Margin (2014 - 2026) Analysis & Trends
Vnet has disclosed FCF Margin across 13 years of filings, most recently posting 62.09% for Q2 2026.
- In Q2 2026, FCF Margin fell 2981.0% year-over-year to 62.09%; the TTM figure through Jun 2026 stood at 83.33% (down 1043.0% YoY), while the FY2025 annual figure was 96.24%, up 1234.0% from the prior year.
- FCF Margin came in at 62.09% for Q2 2026 at Vnet, down from 71.57% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 115.36% in Q3 2025 to a low of 44.92% in Q2 2023.
- Average FCF Margin over 5 years is 79.93%, with a median of 81.66% recorded in 2022.
- Year-over-year, FCF Margin soared 3554 bps in 2022 and slumped 4034 bps in 2023.
- Over 5 years, FCF Margin stood at 78.06% in 2022, then gained by 18 bps to 92.08% in 2023, then declined by 0 bps to 91.93% in 2024, then slipped by 5 bps to 87.69% in 2025, then dropped by 29 bps to 62.09% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 62.09% in Q2 2026, 71.57% in Q1 2026, and 87.69% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 101.63 Bn | 99.41 Bn | 1.40 Bn | -19.47% |
| 2 | Terawulf | 7.97 Bn | 5.21 Bn | 32.37 Mn | -2,216.52% |
| 3 | Applied Digital | 7.18 Bn | 3.20 Bn | 97.29 Mn | -446.97% |
| 4 | Cipher Digital | 6.47 Bn | 2.45 Bn | 9.79 Mn | -2,632.52% |
| 5 | GDS Holdings | 5.95 Bn | 3.76 Bn | 97.89 Mn | 45.70% |
| 6 | Core Scientific | 5.73 Bn | 3.80 Bn | 70.04 Mn | -355.63% |
| 7 | Vnet | 1.71 Bn | 722.28 Mn | 74.45 Mn | 62.09% |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 729.96 Mn | 669.59 Mn | 18.88 Mn | - |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | -128.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.09% |
| Mar 31, 2026 | 71.57% |
| Dec 31, 2025 | 87.69% |
| Sep 30, 2025 | 115.36% |
| Jun 30, 2025 | 91.89% |
| Mar 31, 2025 | 88.49% |
| Dec 31, 2024 | 91.93% |
| Sep 30, 2024 | 103.13% |
| Jun 30, 2024 | 70.40% |
| Mar 31, 2024 | 67.72% |
| Dec 31, 2023 | 92.08% |
| Sep 30, 2023 | 74.24% |
| Jun 30, 2023 | 44.92% |
| Mar 31, 2023 | 58.91% |
| Dec 31, 2022 | 78.06% |
| Sep 30, 2022 | 64.54% |
| Jun 30, 2022 | 85.26% |
| Mar 31, 2022 | 90.45% |
| Dec 31, 2021 | 91.65% |
| Sep 30, 2021 | 50.32% |